Gibson Energy Inc. Announces Pricing of Senior Notes

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/

CALGARY, June 25, 2013 /CNW/ - Gibson Energy Inc. ("Gibson") (TSX: GEI)
announced today that it has agreed to issue and sell US$500 million
principal amount of 6.75% Senior Unsecured Notes due July 15, 2021 (the
"US tranche") and CDN$250 million principal amount of 7.00% Senior
Unsecured Notes due July 15, 2020 (the "Cdn tranche") (collectively,
the "Notes"). The US tranche will be issued at a price of 98.476%,
resulting in a yield to maturity of 7.00% per annum, and will be
payable semi-annually in arrears beginning January 15, 2014. The Cdn
tranche will be issued at a price of 98.633%, resulting in a yield to
maturity of 7.25% per annum, and will be payable semi-annually in
arrears beginning January 15, 2014. The offering is expected to close
on June 28, 2013, subject to customary closing conditions.

Gibson intends to use the anticipated net proceeds from the offering to
repay all of the loans outstanding under its existing senior secured
first lien credit facility, with the remaining proceeds to be used for
general corporate purposes.

Concurrently with the closing of the offering, Gibson expects to enter
into a new CDN$500 million senior secured revolving credit facility
(the "New Revolving Credit Facility"), which will replace Gibson's
existing US$375 million senior secured revolving credit facility. The
New Revolving Credit Facility is expected to be undrawn at the
completion of the offering (except for the continuation of outstanding
letters of credit).

The offer and sale of the Notes have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"Securities Act"), or applicable state laws, and the Notes may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act and applicable state securities laws. The Notes have not
been and will not be qualified for sale to the public under applicable
Canadian securities laws and, accordingly, any offer and sale of the
Notes in Canada will be made on a basis exempt from the prospectus and
dealer registration requirements of such securities laws. The Notes
will be offered and sold only to qualified institutional buyers in
accordance with Rule 144A under the Securities Act and outside the
United States to non-U.S. persons in reliance on the "accredited
investor" prospectus exemption in Canada and Regulation S under the
Securities Act.

This press release does not constitute an offer to sell or purchase, or
a solicitation of an offer to sell or purchase, the Notes. No offer,
solicitation, purchase or sale will be made in any jurisdiction, in
which such an offer, solicitation, purchase or sale would be unlawful.

About Gibson

Gibson is a large independent midstream energy company in Canada and a
major participant in the crude oil transportation business in the
United States, and is engaged in the movement, storage, blending,
processing, marketing and distribution of crude oil, condensate,
natural gas liquids, and refined products. Gibson transports
hydrocarbons by utilizing its integrated network of terminals,
pipelines, storage tanks, and truck fleet located throughout western
Canada and the United States. Gibson is also involved in the
processing, blending and marketing of hydrocarbons, provision of water
disposal and oilfield waste management services and is the second
largest retail propane distribution company in Canada.

Forward-Looking Statements

Certain statements contained in this news release constitute
forward-looking information and statements, including but not limited
to, the completion of the notes offering, use of proceeds and the
refinancing of Gibson Energy ULC's existing senior secured credit
facilities. These statements relate to future events or Gibson's future
performance. All statements other than statements of historical fact
are forward-looking statements. The use of any of the words
''anticipate'', ''plan'', ''contemplate'', ''continue'', ''estimate'',
''expect'', ''intend'', ''propose'', ''might'', ''may'', ''will'',
''shall'', ''project'', ''should'', ''could'', ''would'', ''believe'',
''predict'', ''forecast'', ''pursue'', ''potential'' and ''capable''
and similar expressions are intended to identify forward-looking
statements. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events
to differ materially from those anticipated in such forward-looking
statements. No assurance can be given that these expectations will
prove to be correct and such forward-looking statements included in
this news release should not be unduly relied upon. These statements
speak only as of the date of this news release. Gibson does not
undertake any obligations to publicly update or revise any forward
looking statements except as required by securities law. Actual results
could differ materially from those anticipated in these forward-looking
statements as a result of numerous risks and uncertainties including,
but not limited to, the risks and uncertainties described in
"Forward-Looking Statements" and "Risk Factors" included in Gibson's
Annual Information Form dated March 5, 2013 as filed on SEDAR.